Tax fraudsters usually hide undeclared revenue &/or assets by using common concealment methods. By studying the methods you can improve your ability to identify hidden assets. This in turn increases your odds that your asset searches will be successful. The tax fraud case against NYC restaurateur Mr. Adell Kellel, highlights the concealment method of transferring money into or through multiple bank accounts. At Mr. Kellel’s January 24, 2020 plea hearing, Mr. Kellel pleaded guilty to tax fraud under 26 U.S.C. § 7201. On November 30, 2020 Mr. Kellel was sentenced to serve 2 years in prison.
Mr. Kellel’s January 24, 2020 information accused Mr. Kellel of hiding over $2 million in business revenue from the IRS. Page 4 ¶ 12 of the January 24th information alleged Mr. Kellel hid the $2 million by depositing more than 150 checks into 12 bank accounts. Mr Kellel’s suspected tax fraud scheme is also described at pp. 14-18 of Mr. Kellel’s January 24, 2020 plea hearing. Mr. Kellel reportedly caused a combined tax loss of at least $771,195 to the IRS and the New York State Department of Taxation and Finance for years 2011-2015. For a list of federal crimes related to tax fraud investigations read the second paragraph at my post “An Asset Search By Pursuing Interviews & Tips.”
Copyright 2020 Fred L. Abrams